Can BVN be used to steal money from bank account

What is BVN? BVN means Bank Verification Number. It is a number that hold reference to your biometric details like passport, fingerprints, name and other details during registration for BVN. The BVN number is then attached to every of your bank account.

Now, the question is Can your BVN number be used to transfer money from your bank account? BVN number cannot be used to transfer money from your bank account. It is a rumour that once you give out your bvn number to wrong people, they automatically have access to your account and can steal money from your bank account. This is not true.

Note that BVN number is different from the pin you set for your ATM card.

Some folks are scared of dropping their BVN on the Npower website for example, because it ask for BVN, there is no reason for alarm.

It has also come to my notice(post edited on 22 september, 2017), that some banks ask you to complete some financial transactions like sending money, receiving money, pay bills, buy airtime etc with the last 3 or 4 digit of your BVN, but the interesting thing is that, there are other things you will also be asked before the transactions could be successfully done like the phone number you attached to your bank, your atm pin, the cvv of the atm, the long digits printed on the ATM and so on. So, in summary, you are safe about your BVN. It cannot be single-handedly used to steal your money or transfer out your money. Be calm!!!!

If you have any other questions as regards BVN, you can ask questions in the comment section or email to @NaijaTech

Another rubbish. Where do you get this nonsense information, how can only bvn be used to open bank account. Can’t you think?
Is it your bank that told you that your last 4 digit is your atm card pin?
Why can’t nigeria people think for a seconds

bolu naijatech you know nothing about hancking iti bolibo..go make investigations before you ask anybody to fuck off because he asked you a very entlgnt and implicating question ..man bvn is your identity and also your bank identity so dont you ever give it out …my people how do you think fraudsters luts money from peoples acct without them knowing ..its because your bvn has been leaked ..bvn is a code which is being generated from what we call ach automated clearing house .

This is nigeria not usa SSN. You are saying rubbish bro. How can any1 that have access to your BVN loot your money? Can you explain simply? BVN is bank verification number that is linked to your bank accounts so that govt, agencies can easily track your financial details in various banks.

Another rubbish. Where do you get this nonsense information, how can only bvn be used to open bank account. Can’t you think?
Is it your bank that told you that your last 4 digit is your atm card pin?
Why can’t nigeria people think for a seconds

Someone has acess to my bvn my ATM pin no and alert number here how he did I dont no.but I went to the bank and was told there is no permanent solution.but when I went another day to cancel my ATM card I was told since the ATM has been calculated I don’t need to worry about the the if.whoever have been in this kind of situation is it true the account is now useless and I should cancel using it?or is it me dat didn’t get the info,is there no permanent solution where I can use the bank account again cause it is compulsory for me to resolve this.

@George, Bvn can actually be use to open an account. E.g account without ID card (flex). They will get your details from the BVN portal to open an account for you which is possible but the account has a limit of money it can contain.

@Anu, For someone who have access to your ATM pin, cvv and card number can withdraw your number using it online to shop or to buy tickets, Airtel etc. Therefore, it is advisable for you to block your card and request for new card. Your account is still active and go to use.

@Mummy c&j, Their is a law in place which state that if the money in deceased account is below 100k, the bank will release to the next of kin after proper document confirmation but if the money is above 100k letter of Administration / probate letter is needed by the bank with other documents.
The probate letter is from the court. You will be charged nothing less than 50k for the letter in Lagos while some other state are not up to that e.g Ogun state.

@ Bolu, to avoid probate letter which takes 1-2 years to get from Lagos court after spending your time and money. It is advisable for account holder(owner of the account) to add someone (Person he/she trust so much) as additional signatory to his/her account and state it there that the new mandate shall be EITHER TO SIGN. Doing this, the second signatory can withdraw alone without the dead person.

Pls there is this online loan I want to apply and they requested for my account number, BVN, phone number the one registered with my bank, age etc. pls what should I do. can they have access to my account?.

@Gilobeni Akpoabowei
am also a victim of ur encounter and I don’t know how to go about it.
have already gave them my account number n my bvn number etc..
pls can they also have access to my account n transfer my money??
I need help in house anyone available??

I applied for a loan too. They requested for My BVN number, Account number, phone number and voters card. I gave it to them. Now I’m scared of putting money in my Account. What are the risks i stand. Pls help

pls I went to a website where you can lend money and they asked me to input my details like bvn, account number, full name, date of birth. after that I didn’t see anything am scared now pls what can I do?

If they ask for BVN, you should give to them, that is one of the way they can be sure you are what you claim you are, but I am very sure they don’t need to ask you for your card number or CVV. Stop trying to spoil a legitimate company online.

@Bolu of Naija Tech, please stop saying what you know nothing about. For your information, bvn alone can be used to hack your bank account and carry out all transactions you could think of. Please don’t mislead innocent citizens.
In addition to this, if you think I am wrong, drop your correct bvn here let me have access to it and thank me later. I rest my case.

plx a bank official met me in school and asked me if I was interested in opening an account with them… after the normal process and filling of forms I was asked to put down my bvn.. after I did that and he left I started getting scared cos of d info I let out… plx am I at any risk..?

I was applying for a loan from FINT. They asked me to provide my BVN and I did. Nut I had to stop filling the application form when I was asked to supply my debit card number. Do you think card number has anything to do with this? Isn’t BVN enough to verify whatever they want to verify? And, by the way, do you know if it is safe to deal with FINT?